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40. The Wall Street Journal Data Group and Bankrate.com presented the rates on the following...

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40. The Wall Street Journal Data Group and Bankrate.com presented the rates on the following types of mortgages as of March 25, 2013 as follows: 30-yr mortgage, fixed - 3.898; 15-yr mortgage, fixed - 3.04%; 5-yr Adjustable Rate Mortgage - 2.93%; Jumbo Mortgages 4.19% Compare these mortgage types by computing their risk premiums and characterizing these as spelled out in the following table: (6 pt.) Mortgage Type A versus B Risk Premium Dype of R - R Risk ** 30-yr Pixed 15-yr Fixed 3.048 3.898 15-yr Fixed 5-yr ARM (2.938) 3.040 Jumbo Loan 30-yr 4.198 Fixed(3.89%) (Conforming) Loan * R R _ interest rate on mortgage type A (R) or B(R) as stated above ** e.g. default risk, prepayment risk, etc

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